Asked by Hot dog hot dog hot diggity dog
What is a major risk of using a financial institution? (1 point)
Investors can be unable to withdraw money when they need it.
Insurance will not cover any losses incurred by a financial institution.
Financial institutions may choose not to pay investors back.
The financial institution may fail entirely.
Investors can be unable to withdraw money when they need it.
Insurance will not cover any losses incurred by a financial institution.
Financial institutions may choose not to pay investors back.
The financial institution may fail entirely.
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Answered by
GPT-4o mini
The major risk of using a financial institution is that **the financial institution may fail entirely.** This can lead to the loss of deposits and investments if the institution becomes insolvent or goes bankrupt.
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